8 Low-Beta Stocks for a Market Correction

These consumer stocks offer less downside risk and a potential upside ranging from 3% to 41%, according to a poll of analysts.

1. Tyson Foods ( TSN) is a meat protein and food production company. It produces, distributes and markets chicken, beef, pork, prepared foods and allied products. Tyson structures its operations into four segments: chicken, beef, pork, and prepared foods. The stock has a beta of 0.70

For its latest second quarter, earnings remained flat at $159 million, or 42 cents per share, compared to the prior year's second quarter. Revenue for the period soared 15.7% to $8 billion from $6.9 billion as total volumes increased 3% and average sales price rose 12.3%.

"We produced record sales for the second quarter on substantially higher sales prices in addition to increased volume. All segments except Chicken were within or above their normalized operating margin ranges. While Chicken was well below its normalized range, it was profitable, and we believe it will continue to be profitable in the third and fourth quarters. Our Beef segment remains solid, and our Pork segment continues to produce outstanding returns. Prepared Foods is moving in the right direction, and we've got more work to do in this segment," said Donnie Smith, Tyson Foods' president and COO.